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Children and Young Persons Savings Account

C&YP accounts are managed by a named adult. Deposits into the account can be made by payroll deduction or direct debit. Open an account today and encourage a child or young person to prepare for their future.

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Key Facts
  • The C&YP account is set up by a named adult member.
  • All funds protected by the FSCS scheme
  • No penalty for withdrawals
  • Access your C&YP account online
  • The account will be opened and operated for the sole benefit of the child/young person in whose name the account is held.
  • Maximum of £10,000 in savings
  • Save a minimum of £5 per month or £1 per week
  • Potential annual dividend on savings

Need Help? Contact the NHS Credit Union team today.

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Protection for your money

Your eligible deposits with the NHS Credit Union are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Please click here to read “A guide to the Financial Services Compensation Scheme” or visit www.fscs.org.uk.